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Smith Barney Fund Manager
Looks To Regain His Footing

By

Julie Creswell Dow Jones Newswires

Updated Aug. 8, 1997 5:19 p.m. ET

NEW YORK -- At the end of 1995, life was all champagne and roses for George Novello and the Smith Barney Special Equities Fund after its 63% surge made it one of the best-performing small-cap funds for the year.

Investors, enamored with such astounding results, clamored to get into the fund. But the relationship has proved quite stormy.